Loan EMI Calculator

Sample EMI calculation for a loan of 100000 for 12 months at 11.5% per year

EMI: 8861.51, Total Interest: 6338.12

Loan repayment schedule

Sl.

Interest

Principal

Balance

1

958.33

7903.18

92096.82

2

882.59

7978.92

84117.9

3

806.13

8055.38

76062.52

4

728.93

8132.58

67929.94

5

651

8210.51

59719.43

6

572.31

8289.2

51430.23

7

492.87

8368.64

43061.59

8

412.67

8448.84

34612.75

9

331.71

8529.8

26082.95

10

249.96

8611.55

17471.4

11

167.43

8694.08

8777.32

12

84.12

8777.39

0

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Bank Loans and EMI

In general, banks finance upto 90% of the cost of a property or vehicle; the loan amount is paid back with an equal amount every month. EMI, short for equated monthly installments, is the monthly repayment amount for loans taken from banks and NBFCs. The calculation of EMI is the same for all kinds of loan; be it, home loan, car loan or personal loan.